Real Estate & Economic News in Bahrain from Propertyshowrooms.com

Albaraka arm posts 58% rise in income

Mon, 22 Sep 2008 00:00:00 GMT

The Egyptian Saudi Finance Bank, a subsidiary banking unit of the Kingdom-based Albaraka Banking Group, posted a substantial increase in its operating assets for the first half of the year...

Bahrain up, Abu Dhabi sees brisk buying

Mon, 25 Aug 2008 00:00:00 GMT

The GCC bourses continued to reel under selling pressure Sunday, with four of the markets ending as losers while three finished on the winners list...

Solidarity Set To Enter Saudi Market

Sun, 24 Aug 2008 00:00:00 GMT

Solidarity Group, a member of the Bahrain-based Ithmaar banking group and one of the largest Takaful companies in the world, has announced to set-up an Islamic insurance company in Saudi Arabia with an authorized and paid-up capital of SR555 million...

Venture Capital Bank Half Year Profits Surge To US$ 31.4 Million

Wed, 23 Jul 2008 00:00:00 GMT

Kingdom of Bahrain: Venture Capital Bank announced its 30 June 2008 half year total income today at US$ 45.7 million, an increase of 447% over the prior period, and a net profit of US$ 31.4 million for the six months to 30 June 2008...

Ahli United Bank Reports Net Profit of US$ 211.7 Mn in 1H '08

Wed, 23 Jul 2008 00:00:00 GMT

Ahli United Bank B.S.C. (AUB or Group) has announced a 40.5% rise in net profits for the first half of 2008 of US$ 211.7 million, as compared to the same period last year...

Al Khaleej Buys 25% Stake In Bahrain Firm

Thu, 17 Jul 2008 00:00:00 GMT

Al Khaleej Insurance & Re-Insurance Company has completed the buying of a 25 percent holding valued at QR22m in Bahrain National Life Assurance Company, a subsidiary of Bahrain National Holding Company...

Bahrain Islamic Bank Profits Increase by 144 Percent

Thu, 10 Jul 2008 00:00:00 GMT

Bahrain Islamic Bank (BisB) continues to achieve excellent and remarkable financial results reflecting the continuation of the positive and remarkable change in the Bank's management and policy initiated following the restructuring of the Bank...

NBB 1H Profits up by 13.5%

Tue, 8 Jul 2008 00:00:00 GMT

NBB's half yearly net profit up by 13.5% National Bank of Bahrain has announced its financial results for the 6 months ended 30 June 2008...

Bahrain's ABG inks $30m murabaha deal

Mon, 7 Jul 2008 00:00:00 GMT

Bahrain-based leading Islamic banking group, Albaraka Banking Group (ABG) announced that its subsidiary Al-Baraka Islamic Bank with the First Investment Bank (FIB) signed a milestone transaction of a $30 million murabaha facility for al Khaleej Development Company (KDC)...